Predicting the price of the Quai Network token (QUAI) involves a lot of variables, and the crypto market is notoriously unpredictable. That said, let's try and get a sense of what’s driving its potential based on available info and sentiment. Quai Network is a Layer 1 blockchain with a unique approach—using sharding and Proof-of-Work 2.0 to aim for high scalability (think 50,000+ transactions per second). Its dual-token system, with QUAI as the deflationary backbone for smart contracts and Qi f
Naira devaluation: How Nigeria used Binance as scapegoat for President Tinubu’s policy failure — Gam
Head of Finance and Compliance at Binance in the United States, Tigran Gambaryan, said the Nigerian government used the cryptocurrency platform as a scapegoat for the repercussions of President Bola Tinubu’s Naira devaluation policy. Gambaryan disclosed this in a lengthy statement on his official X account on Friday, titled ‘Some Unknown Facts’. Reflecting on his experience under the Nigerian government’s custody in 2024, the Binance executive, Gambaryan, narrated how the firm, he and Nadeem Anj
Bitcoin’s hash rate hits a record-breaking 1,000 EH/s, doubling in just 12 months! 🚀 Does this milestone signal stronger network security and bullish momentum, or could it pressure miners with rising competition?
Let’s discuss how this impacts Bitcoin’s price and future!
Create a post with #BitcoinHashRateSurge or the $BTC Coinpair to unlock a share of $5,000 in BNB token vouchers and earn Binance points. (Creator Center > Check-in)
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Unleashing the Power of #Memhash: An Educational Review
Are you ready to dive into the world of crypto mining with a twist? Enter **#Memhash**, the mobile game that's turning heads and smartphones into crypto-mining powerhouses.🚀
#### What's the Buzz About? Memhash isn't your average mobile game. It's a **Proof-of-Work (PoW) mining game** that lets you earn tokens by solving puzzles and mining blocks . Think of it as a digital gold rush, but instead of pickaxes, you're using your phone's processing power!
#2024withBinance Binance has always been a reliable and trustworthy partner. A trendsetter . Where Binance goes , other exchanges follow. Just like in 2024 Thank you. Binance!
🚀🧠 **Exploring DIN: Empowering User Data for AI** 🧠🚀
Ever wondered if your data could do more than fill up your phone storage? Well, DIN’s here to make your data work harder than a caffeinated programmer! ☕💻 🔹 **Empowering Users**: With DIN, you’re not just a data point; you’re a data hero! By contributing your data, you help train AI to be smarter, faster, and wittier. Think of yourself as the Tony Stark of data, powering up the AI Iron Man suit! 🦸♂️ 🔹 **Pre-Mining Rewards**: DIN's pre-mining rewards are like finding chocolate chips in your
#AltcoinMomentum 🌟 **Altcoins are soaring high!** 🌟 With Bitcoin taking a breather, it's time for the underdogs to shine. Keep an eye out for the next big thing in crypto! 🚀
$ETH An expanded version with a fun twist: 💸 Why did Ethereum go to school? To become a smart contract! 🤓 Meanwhile, $SOL thought it could outshine $ETH , but they make a dynamic duo instead.🌟🚀
#AltcoinMomentum 🌟 **Altcoins are soaring high!** 🌟 With Bitcoin taking a breather, it's time for the underdogs to shine. Keep an eye out for the next big thing in crypto! 🚀 #altcoinmomentum $BTC
Authorities in the United States and Nigeria have formed a bilateral task force to combat illicit financing and crimes related to cryptocurrencies.
According to the official statement , the countries will cooperate and share information that will help law enforcement track and prosecute cybercrime perpetrators.
In addition, U.S. and Nigerian law enforcement will jointly develop strategies to combat illegal money laundering.The US Department of Justice continues to work with the Nigerian government to expand its ability to investigate crimes related to digital assets, the US Embassy in the African state said on its official website.
Interestingly, the US and Nigeria entered into a partnership agreement on cooperation just a few hours later. after release from custody of the executive director Binance Tigran Gambriyam. Recall that he spent several months in a Nigerian prison on charges of money laundering.
Crypto crimes are becoming commonplace in Nigeria, which has become the world's second-largest country in terms of digital asset users. India is in first place. Another study showed that Nigerians most often choose stablecoins to save their savings from high inflation and the depreciation of the national currency.
In the US, cryptocurrency-related crimes are also on the rise, accounting for 2023% of all investment fraud cases in 87.
Nigerian govt drops money laundering charges against Binance executive.
The federal government has withdrawn the money laundering charges filed against an executive of Binance Holdings Limited, Tigran Gambaryan.
DAILY POST recalls that the Economic and Financial Crimes Commission, EFCC had in April this year, arraigned Binance, a cryptocurrency firm, and Gambaryan over alleged money laundering.
Mr Gambaryan, a United States citizen, has been in detention since February following the clampdown on the cryptocurrency firm over alleged manipulation of naira. $BNB #NigeriaCryptoBan #NigeriaVsBinance
Binance sets two conditions before ‘registering’ under Nigeria’s SEC crypto program
The cryptocurrency trading platform Binance has outlined two conditions that must be met before it can consider registering under Nigeria’s Securities and Exchange Commission’s (SEC) special framework program for onboarding Virtual Assets Service Providers (VASPs), including crypto platforms. Binance’s position is in response to the regulatory frameworks set out for cryptocurrency platforms by Nigeria’s regulatory body, SEC, which includes opening an office in Nigeria. Nairametrics previously re
Pavel Durov's Arrest Sends Ripples Through Crypto Industry
In a surprising twist, the arrest of Pavel Durov, the Russian-born billionaire founder and owner of the Telegram messaging app, has reverberated across the crypto landscape. Durov, who was apprehended at Le Bourget airport outside Paris, faces a preliminary police investigation related to the lack of moderators on Telegram and non-cooperation with law enforcement⁴.
**Impact on Crypto Markets: $TON Takes a Hit** The news of Durov's arrest caused a rapid decline in the value of Toncoin ($TON ),
In the vast crypto galaxy, where coins twirl like binary stars, I present to you the BNB/ETH pair—a celestial tango between Binance Coin (BNB) and Ethereum (ETH). 🌟
**Why this pair?** 🤔 1. **Cosmic Synergy**: BNB and ETH are like cosmic companions, each with its unique gravitational pull. BNB fuels the Binance ecosystem, while ETH powers decentralized applications. Together, they create a harmonious dance of utility and innovation.
2. **Interstellar Speed**: BNB zips through transactions like a comet, thanks to Binance's lightning-fast network. Meanwhile, ETH, the warp drive of smart contracts, propels decentralized finance (DeFi) projects across the universe.
3. **Stellar Ecosystems**: BNB orbits within Binance's galaxy of services—spot trading, futures, NFTs, and more. ETH, on the other hand, hosts DeFi protocols, NFT marketplaces, and even intergalactic games.
**Future Potential**: 🌠 - **Interplanetary Adoption**: BNB's popularity is skyrocketing, with Binance's interplanetary reach. As more projects build on Binance Smart Chain, BNB could become the go-to fuel for DeFi and NFTs.
- **Cosmic Upgrades**: ETH's transition to Ethereum 2.0 promises faster, more efficient stargates. If successful, it could propel ETH to new galaxies, making it the ultimate cosmic currency.
- **Cosmic Collabs**: Imagine BNB and ETH teaming up for cross-chain ventures—like cosmic superheroes joining forces! 🦸♂️🌌
So, fellow stargazers, strap-on your spacesuits, grab your wallets, and ride the BNB/ETH comet. 🚀✨ Remember, in this cosmic ballet, profits orbit those who dare to #BecomeCreator! 💫
*Disclaimer: This cosmic analysis is for entertainment purposes only. Consult your financial telescope before launching any moon missions.* 🌙🔭
Nigerian SEC set to issue crypto exchanges licenses to promote industry.
The Nigerian Securities and Exchange Commission (SEC) has revealed its plans to issue licenses to crypto exchanges in the country to complement the growing adoption of cryptocurrencies in the country. In June the Nigerian SEC launched a new program aimed at speeding up the registration process of Virtual Assets Providers (VASPS). SEC also announced amendments to its rules on Digital Assets Issuance, offering platforms, Exchanges, and Custody. In an interview today on Bloomberg, Nigerian SEC Chie
The Federal Inland Revenue Service (FIRS) has said from September, there would be a law to take care of existing gaps in revenue collection, including providing a legal and regulatory framework for the operation of cryptocurrency.
Executive Chairman of the service, Dr. Zacch Adedeji, said the country can no longer run away from cryptocurrency, a form of digital currency exchange which is an alternative form of payment using encryption algorithm. Amidst calls for the regulatory framework as the